Ondas (ONDS) became Wall Street's most failed-to-deliver security in late August, with over 20.95 million shares undelivered
Ondas, a defense drone company partnered with Palantir, recorded 20,954,097 undelivered shares of its Nasdaq-traded common stock (ONDS) on a Monday after its most recent quarterly earnings. This figure, disclosed in the newest SEC report covering the second half of August, made Ondas the security with the highest number of fails-to-deliver in the US during that period. The company has a high short interest at 40.9% of its float and was classified as a Threshold Security from August 18 to August 27. Despite reporting $83.8 million in Q2 revenue (13 times Q2 2025) and raising its full-year revenue target above $525 million, the stock has lost 22% of its value year-to-date and traded flat over the last 12 months.
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